The Short-Term Holder (STH) MVRV ratio for #Bitcoin currently sits at 1.1, meaning STHs are on average 10% in profit.

STH MVRV Indicator Chart: https://t.co/uV8I0EEbUT

Why is STH MVRV important?

By quantifying unrealized profit or loss of recent and usually more speculatively-minded market entrants, STH MVRV can help hypothesize their behaviour under extreme profitably or pain.